The stock market closes sharply down a session fluctuating and heavily influenced by what was happening in international markets. Negative at first, he erased the losses in half ‘day to descend sharply along with Wall Street and the other of Europe after the spread of data on home sales in the United States, a sharp decline in August against all odds. The final budget and ‘decreasing by 1, 23% for the FTSE Mib trade with very sustained, over 5.54 billion of value. First place for the securities trading volumes Eni, with exchanges for more than 2 billion, followed by Unicredit, 1.3 billion. Both titles have closed down but the performance more ‘negative list and’ was recorded by Intesa Sanpaolo, which has lost more than 3%, hampered by rumors about alleged obstacles to negotiations for the sale of Fideuram.
Archive for ◊ September, 2009 ◊
McCormick Co. reported that third quarter profit quarter climbed 9% over the same period a year ago, thanks to higher prices, the acquisition of rival Lawry and a policy of cutting costs.
McCormick, a manufacturer of seasonings and spices for food, posted a net profit of $ 75 million or 57 cents per share, compared with net income of $ 69 million or 52 cents per share for the same period last year.
Sales grew by 1% bringing in 792 million U.S. dollars. Analysts had forecast profits of 55 cents per share on sales of 795 million U.S. dollars.
But the company has revised its forecasts for 2009 in a range between 2:26 and $ 2.28 per share. Its previous forecast was between 2.24 and $ 2.28 per share.
Meanwhile, on the NYSE, the title McCormick Co. to exchange $ 33.89 per share, falling about two and a half percentage points.
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The data reported at the Italian Stock Exchange shows that the turnover in the meeting today was 5.451 billion euros, an increase compared to 4.848 billion euros yesterday. Contracts stood at 279,431 from 228,579 earlier. The future FTSE MIB December were 17,105 contracts traded against the previous 9802.
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After fluctuating in both directions, the Milan Stock chooses the path downward in the afternoon, in company of the other sisters in Europe and on Wall Street. To depress financial markets on both continents were sales of existing homes in the United States proved worse than expected, which shaded the contraction of applications for unemployment benefits than expected. The attention of traders moving now on the G20 in Pittsburgh, which could give new information on the regulation of banks.
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The go-ahead to imports of rice contaminated by genetically modified organisms (GMOs) in Europe threatens the leadership won by Italian production with about 1.5 million tonnes grown over 240mila acres. And ‘what the Coldiretti.
The goal is to prevent the authorization by the European Union, the import into Europe of GE rice (LL62), a rice genetically modified to resist a toxic herbicide, on which has already given a positive opinion l ‘EFSA. Italy, which is the largest producer of rice in Europe and holds the leadership in quality and food safety, accountability, Coldiretti continues to play a leading role in engaging the European Union toward decisions that safeguard consumers and producers.
It is also a need to enhance the choices made by national who is completely GMO-free and has the European record in local products, as indeed testify to the rice dwarf vialone Veronese IGP and rice Baraggia Vielles and Vercelli, who had Dop recognition by the EU. According to a recent survey Coldiretti / Swg nearly three out of four Italians who express an opinion (72 percent) believe, Coldiretti concludes that foods with genetically modified organisms are less healthy than conventional ones.
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Negative closing for the European stock markets, affected by declining oil prices fell below $ 66, the bad performance of banks and Wall Street, down ‘after disappointing data on home sales in the U.S.. In London the FTSE 100 gave 1, 17% at 5079 points. In Milan, the FTSE 100 falls by 1, 23% at 22,953 points. In Frankfurt the Dax backs, 1, 7% at 5605 points and in Paris the CAC 40 lost the 1, 66% at 3758 points.
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Closing in the red for the main lists of Euroland, which have accelerated the downward after the release of U.S. macro data on sales of existing homes. In August, the figure has decreased by 2.7% compared to +7.2% in July. Analysts had expected a rise.
Disappointment was also arrived this morning from the IFI since German was unable to give a great impetus to the exchanges, making it a little below expectations, though up from the previous month.
At the close of trading Brussels reported a disadvantage of 0.81% at 2470.9 points, a retreat of Zurich ‘1.19% at 6274.39 points, a fall in Paris, 1, 66% to 3758.36 points and Amsterdam, a decrease of -1.54% to 308.52 points. Minus sign even London -1.17% to 5079.27 points and Madrid -1.33% to € 11,695.9. Frankfurt with a loss of 1, 7% at 5605.21 points stands as the worst among the squares of the Old Continent.
At sectoral level, a sharp decline in the sector resource base that yields more than three percent, also hurt in technology, energy and retails that flex more than two and a half percentage points. In particular retails accounts have suffered worse than expectations of Swedish H & M.
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The Federal Reserve made it known that, in light of improved financial markets, will continue ‘until January to ensure the maxi-liquidity’ in the short to banks at subsidized rates through the Taf (Term Auction Facility). From January Tagliaro ‘the entity’ and the maturation of the schedule of auctions.
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The euro dive below the threshold of $ 1.47, on some profit taking later in the year touched the highest in the week. To penalize the single European currency has contributed to today’s German Ifo September, resulted in growth at 91.3 points from 90.5 in August, but below the expectations were for 92 points.
Cools the oil price below $ 67 in New York while gold says goodbye to 1,000 usd / oz.
